Can anyone please tell me -
Is long term capital gain on securities is exempt, if the securities were purchased under employees stock option plan?
1. STT is paid on the transaction.
2. The security is a listed transaction.
Menu
Capital gain on esop
Replies (5)
Yes Manvi,
The payment of STT is relevant tat the time of sale and not purchase.
Hence, if the sale was under payment of STT, the same will be exempt from Capital Gains Tax.
In case of any further query, you may ask
yes..thanx a lot ankit.
Yes..the stt is paid on the sale transaction.
so the shares recd under esop are exempt from capital gain(long term)..
can i apply indexation on the cost of purchase?
welcome Manvi,
but if the gain is totally exempt, why is it necessary to apply indexation?
You are right..thanks a lot..:)
you are welcome...:)
Recent Threads
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
- Joint Venture address proof under GST
- Leave encashment exemption limit
Related Threads
CAclubindia
